Fund companies are growing more wary of introducing new exchange-traded funds, and more willing to kill those that have not caught on, as they grapple with a price war in an overcrowded $1.2 trillion market dominated by the three largest providers.
BlackRock Inc, State Street Global Advisors and Vanguard Group offer ETFs in virtually every major asset class. Together, the Big Three have captured 77.6 percent of all new investor money that has come this year into the U.S. ETF market this year, up from 60.5 percent in 2011, according to Lipper...............................................Full Article: Source